[2] Beginning in 2013,[3] Nilepet and various multinational firms created joint ventures to build expertise in various aspects of the petroleum industry.
[5] Nile Petroleum Corporation was incorporated in 2009 under the authority of the Comprehensive Peace Agreement that ended the Second Sudanese Civil War (1985—2003).
The South Sudanese government said that 90 percent of the nation had not been surveyed, and that 14 new oil blocks would be auctioned off for lease by the end of the year.
The company also announced plans to build an extensive strategic oil reserve, and to expand its fuel stations to all major cities in the nation.
[8] Dr. Chol announced in February 2022 that Nilepet still intended to take over exploration, development, and production of some blocks in the Palogue oil field by 2027 when the leases with foreign corporations expire.